Governor Ambode launches a US$250m modern Alaro satellite city in Lagos.
Yesterday being 29th of January 2019, Lagos state governor Akinwumi Ambode; launched the US$250 million Alaro Satellite City. Alaro satellite city is situated at the north-western part of Lekki Free Trade Zone (FTZ).
Partners for the Alaro Satellite City project includes North West Quadrant Development Company (NWQDC), Rendeavour (Africa’s acclaimed largest urban land developer) and Lagos State government.
This project will boost foreign direct investment in Nigeria, it will also create over 200,000 jobs; as well as provide housing schemes for all the major projects in the zone.
Alaro Satellite City, is a mixed-income, city-scale development and a premium industrial, logistics, housing and leisure location. It contains high quality commercial office complexes, homes, schools, healthcare facilities. There are also hotels, entertainment centres and about 150 hectares of parks and open spaces.
Lagos state Governor, Akinwunmi Ambode launches the $250 million Alaro Satellite City, situated at the north-western part of Lekki Free Trade Zone.https://t.co/0BD2xG4JWb#Ambode #APC #Lagos #FTZ #Lekki #AlaroCity
— The Guardian Nigeria (@GuardianNigeria) January 30, 2019
Benefits of the Alaro Satellite City
According to Ambode, “the launch represents the government’s continuous support for private investors and fast-track development”.
He said, with the various major projects in the Lekki/Epe area; such as the Free Trade Zone (FTZ), largest deep see port in Africa and an international airport. The Alaro satellite city is therefore necessary to provide housing schemes and other facilities for workers, investors and a broad spectrum of income earners.
The satellite city project will not only open up the Lekki/Epe area; but will also transform it to an economic landscape. This it will do by providing jobs, reducing poverty and contributing significantly to socio-economic development of the state and Nigeria.
The founder and Chief Executive Officer of Rendeavour, Stephen Jennings, said; “we are proud and blissful to bring our successful inclusive city model to Nigeria and Lagos, the heart of the country’s vibrant economy.”
He also said “our partnership with Lagos State will ensure that Alaro Satellite City is an economically sustainable city open to all Nigerians and we are already looking forward to the development of the 2,000 hectares Alaro city to house the rapid growth of the Lekki Free Zone.”
On the other hand, the chairman of NWQDC, Teni Zacchaeus said:;the launch marks a watershed for Lagos and is a testimony to the hard work and dedication of multiple administrations.
The minister of Agriculture, Cheif Audu Ogbeh, senior state government officials, members of the diplomatic corps, the business community, traditional rulers and other stakeholders all attended the event.